VELASCO GERMAN LARREA MOTA 4

What Happened
Velasco German Larrea Mota, Chairman of the Board and a director of Southern Copper Corp. (SCCO), received a total of 600 shares on January 29, 2026 via two director awards (200 shares and 400 shares). No purchase price is reported (price = N/A) because these were stock awards under the company’s director plan, not open-market trades.

Key Details

• Transaction date: 2026-01-29 (reported on Form 4 filed 2026-04-22).
• Grants: 200 shares (perfect attendance award) and 400 shares (service award).
• Price: N/A (awards/grants).
• Shares owned after transaction: filing notes the total beneficial ownership following the transaction includes 14,097 shares received as dividend payments in 2025 (the filing does not list a single consolidated total in the summary).
• Footnotes: awards received pursuant to the Issuer’s Directors’ Stock Award Plan and are reported as exempt under Rule 16b-3(d).
• Timeliness: The Form 4 was filed nearly three months after the transaction date, which is later than the usual two-business-day reporting window.

Context
Director awards like these are a form of compensation and are exempt from short-swing profit liability under Rule 16b-3; they do not reflect an open-market purchase or sale. Because the filing was delayed, investors should note the lapse in timely reporting but treat the transaction as standard director compensation rather than a market-driven trade.